Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

EURAUD - Downward trend will continue, Short trade by market price recommended

September 15, 2020 9:29:58 AM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (1.6180)
Sep. 15, 2020

-105 p
Stop Loss
+85 p
Target 1
+105 p
Target 2
Chart & Analyst Comments

For today's forecast, we recommend a Sell Order at this recommended market price - 1.6235. This idea is based on the following analysis:

  1. According to the most brokers’ data, more than half of the traders are currently in long positions on EURAUD. As a result, we recommend considering only Short trades at this time.
  2. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
    index: 1x 0.036761045455933s
t_/pages/forecast: 1x 0.033934831619263s
t_/common/header-new: 1x 0.02027702331543s
t_/common/head: 1x 0.016573905944824s
t_/common/footer-new: 1x 0.0026140213012695s
router_page: 1x 0.001535177230835s
router: 1x 0.00070500373840332s
t_/popups/on-download: 1x 0.00051307678222656s
service-routes: 1x 0.00029993057250977s
router_redirection: 1x 0.00014209747314453s
t_/popups/zoom: 1x 1.5020370483398E-5s
----- END OF DUMP (2022-08-11 09:28:08)  -----